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Earnings, Financial Position and Assets and Liabilities Group Management Report
Deutsche Post World Net Annual Report 2007
REVENUE AND EARNINGS PERFORMANCE
Earnings, Financial Position and
Assets and Liabilities
The Group
Changes in portfolio and reporting
In nancial year 2007, our portfolio changed as follows:
• On 10 January 2007, our Group subsidiary Williams Lea acquired 100% of the
shares of the UK company e Stationery O ce Holdings Ltd.
• On 8 June 2007, we acquired a 49% shareholding in the US-American air freight
company ASTAR Air Cargo Holdings LLC; this has been included in full in the
consolidated nancial statements.
• On 25 June 2007, we acquired 49% of the share capital of the US-American company
Polar Air Cargo Worldwide, Inc.; the company has been included as an associate
in the consolidated nancial statements.
• On 31 December 2007, we purchased all shares in the Israeli company FC (Flying
Cargo) International Transportation Ltd., Tel Aviv.
• e waste management company Vfw AG was sold e ective 2 March 2007.
• e Deutsche Postbank Group dissolved and deconsolidated the special funds of
BHW Bausparkasse AG as at 31 August 2007.
• BHW Lebensversicherung AG, including its special funds, and the 50% holding in
PB Versicherung AG and PB Lebensversicherung AG were sold as at 30 September
2007.
• On 1 October 2007, the Dutch Dedicated Distribution Service B.V. and the Belgian
Van Osselaer-Pieters Colli Service B.V.B.A. were sold to Österreichische Post AG.
e prior-year gures have been adjusted to re ect the following changes in segmen-
tation: At the beginning of 2007, we removed the parcel business in Germany from
the EXPRESS Division and transferred it to the MAIL Division. e year before we
had already transferred the European overland transport business from the
EXPRESS
Division to the LOGISTICS Division. Details of these changes can be found in
Segment reporting disclosures.
Consolidated revenue up again
Consolidated revenue and income from banking transactions rose by 4.9% to
€63,512 million (previous year: €60,545 million). e increase was mainly driven
by the contract with the National Health Service (NHS) in the LOGISTICS Division,
which took e ect on 1 October 2006, and the good performance of Postbank. e
share of revenue generated outside Germany continued to grow and now accounts
for 60.6% of total revenue (previous year: 59.0%). Negative currency e ects reduced
consolidated revenue by €1,197 million.
Note 8
Consolidated revenue
€bn
43.2 44.6
60.5 63.5
0704 05 06